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US Stock Futures Drop as Traders Focus on AI Spending, Oil Jumps

Bloomberg Markets Thursday 23 July 2026, 12:09 UTC By Jessica Menton 1 min read
Key Points

US Stock Futures Drop as Traders Focus on AI Spending, Oil Jumps US stock futures retreated as worries over artificial-intelligence spending weighed on sentiment while oil prices closed in on $100 a barrel. Traders braced for more key earnings from Intel Corp., due later in the afternoon. Futures contracts tied to the S&P 500 Index were down 0.6% as of 7:55 a.m. in New York, while Nasdaq 100 futures dropped 0.8%, weighed down Alphabet Inc. and Tesla Inc.

US Stock Futures Drop as Traders Focus on AI Spending, Oil Jumps US stock futures retreated as worries over artificial-intelligence spending weighed on sentiment while oil prices closed in on $100 a barrel. Traders braced for more key earnings from Intel Corp., due later in the afternoon. Futures contracts tied to the S&P 500 Index were down 0.6% as of 7:55 a.m. in New York, while Nasdaq 100 futures dropped 0.8%, weighed down Alphabet Inc. and Tesla Inc. An exchange-traded fund tracking chipmakers fell 0.7% ahead of the opening bell.
US Stock Futures Drop (ORG) AI Spending (ORG) Oil Jumps US Stock Futures Drop (ORG) US (LOCATION) Intel Corp. (ORG) New York (LOCATION) Alphabet Inc. (ORG) Tesla Inc. (ORG)
Originally published by Bloomberg Markets Read original →

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